Bittensor (TAO) Falls Below Key Support, Prices Sink Near $187

The cryptocurrency Bittensor (TAO) broke a crucial horizontal support level, causing the price to drop to about $186.96. Over the past 24 hours the asset fell 3.31%, with a trading volume of $137.18 million and a market capitalisation of $2.09 billion.

Analysts from Alpha Crypto Signal noted that the breach turns the former support into resistance, giving sellers increased control. Technical data from TradingView show the Relative Strength Index at 37.6 (below the neutral 50) and the MACD remaining in negative territory, indicating weak buying pressure and a bearish outlook.

A recovery above the $195‑$200 resistance zone would be required to restore bullish sentiment, but as long as TAO stays below the broken support, further downside pressure is expected.